This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it valuable for developing compounds with potential therapeutic applications, particularly in the treatment of neurological disorders. Researchers have explored its use in creating inhibitors for specific enzymes or receptors involved in neurodegenerative diseases. Additionally, it has been investigated for its role in modulating protein-protein interactions, which can be crucial in designing drugs for cancer therapy. Its versatility in chemical reactions also allows for the development of novel drug candidates with improved efficacy and reduced side effects.